https://padlet.com/aw136541/f79x1n4oioug Emma White en-us 2019-02-25 15:08:43 UTC 2019-02-26 17:29:31 UTC hello@padlet.com aw136541 https://padlet.com/aw136541/f79x1n4oioug/wish/335221243 Example: Corn
Explanation: Farmers of corn are numerous, but basically sell the same thing, therefore it's a competitive market.

]]> 2019-02-26 05:57:22 UTC https://padlet.com/aw136541/f79x1n4oioug/wish/335221243 aw136541 https://padlet.com/aw136541/f79x1n4oioug/wish/335222008 Example: Wheat
Explanation: Agriculture is a good example in general of pure competition. Wheat specifically, because it's sold by many farmers for around the same price and product. ]]> 2019-02-26 06:04:20 UTC https://padlet.com/aw136541/f79x1n4oioug/wish/335222008 aw136541 https://padlet.com/aw136541/f79x1n4oioug/wish/335223666 Example: Toothpaste
Explanation: This type of market structure contains suppliers that try to differentiate their products slightly from other products. Toothpaste for example, will sometimes differ from other toothpastes by claiming to make teeth whiter or prevent periodontal disease.]]> 2019-02-26 06:18:23 UTC https://padlet.com/aw136541/f79x1n4oioug/wish/335223666 aw136541 https://padlet.com/aw136541/f79x1n4oioug/wish/335224723 Example: Restaurants
Explanation: Product differentiation is a huge thing with restaurants, because people choose them based off of how good their food is.]]> 2019-02-26 06:25:46 UTC https://padlet.com/aw136541/f79x1n4oioug/wish/335224723 aw136541 https://padlet.com/aw136541/f79x1n4oioug/wish/335226137 Example: Automobile industry
Explanation: The fixed costs of automobile manufacturing are very high, limiting the number of firms that can enter into the market]]> 2019-02-26 06:35:57 UTC https://padlet.com/aw136541/f79x1n4oioug/wish/335226137 aw136541 https://padlet.com/aw136541/f79x1n4oioug/wish/335476105 Example: Cell phone companies
Explanation: A few cell phone companies dominate the entire industry, making it hard for other brands to enter into the market. The main cell phone providers are Sprint, AT&T, and Verizon.]]> 2019-02-26 17:05:33 UTC https://padlet.com/aw136541/f79x1n4oioug/wish/335476105 aw136541 https://padlet.com/aw136541/f79x1n4oioug/wish/335480401 Example: Microsoft
Explanation: Many software products are only compatible with Microsoft's Windows operating system, and people are very unlikely to pay for a new software or learn how to use that new software.]]> 2019-02-26 17:12:55 UTC https://padlet.com/aw136541/f79x1n4oioug/wish/335480401 aw136541 https://padlet.com/aw136541/f79x1n4oioug/wish/335486641 Example: Diamonds - De Beers
Explanation: This company used to control the diamond market, by controlling prices and streaming all the world's rough suppliers to sell production through the De Beers channel.]]> 2019-02-26 17:23:00 UTC https://padlet.com/aw136541/f79x1n4oioug/wish/335486641